Multifamily Building with Handicap-Accessible Main
For Sale
$1,495,000
337 DELAFIELD Place NW, Washington, DC 20011
MULTI_FAMILY - Other - WASHINGTON, DC
Property Size4,113 SF
Lot Size0.08 Acres
Price / SF$363.48
Days on Market38
Property Features for 337 DELAFIELD Place NW
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Rooms
Basement
Parking features
Off Street
Subdivision
PETWORTH
Elementary school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Middle school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
High school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Standard status
Active
Size
4,113 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
11316
Utilities
Heating system
Other (Heating)
Cooling system
Window Unit(s)
Building Details
Year built
1936
Number of units
4
Building materials
Brick
Architectural style
Other
Listing Agency:
EXP Realty, LLC
(833) 335-7433
Listed By:
SERIF SOYDAN · License #SP200205344
(312) 330-7300
Added: Jul 3
Changed: Jul 30
Last Checked: Aug 9 at 12:06AM
MLS# DCDC2269674
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This five-unit brick multifamily building includes a handicap-accessible main level and a layout that features a basement. The main level was previously utilized as a medical facility, which may support flexibility for future uses subject to applicable approvals. The property also offers the potential to convert to a six-unit building (buyer to verify).
The building is sited on a 0.0772-acre lot at 337 Delafield Place NW in Washington, DC 20011. Construction dates to 1936. Heating is listed as “Other (Heating)” and cooling is provided via window unit(s). Off-street parking is available.
With ongoing updates referenced throughout the interior units and exterior improvements including fresh exterior paint and professional landscaping, the property presents as a maintained income asset. The property is described as having Section 8 / Housing Choice Voucher income potential, supported by the stated estimated unit rent ranges and estimated gross income figures.
The building is sited on a 0.0772-acre lot at 337 Delafield Place NW in Washington, DC 20011. Construction dates to 1936. Heating is listed as “Other (Heating)” and cooling is provided via window unit(s). Off-street parking is available.
With ongoing updates referenced throughout the interior units and exterior improvements including fresh exterior paint and professional landscaping, the property presents as a maintained income asset. The property is described as having Section 8 / Housing Choice Voucher income potential, supported by the stated estimated unit rent ranges and estimated gross income figures.
Key Highlights
- Brick five‑unit multifamily building with handicap‑accessible main level
- Previously utilized as a medical facility on the main level (subject to applicable approvals)
- Potential to convert to a six‑unit building (buyer to verify)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$73,693
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,473,860
$1.5M
Cap Rate 7%
$1,052,757
$1.1M
Cap Rate 9%
$818,811
$818.8K
Market Conditions
NOI Build-Up for 4,113 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$111.1K $27.00/SF
− Vacancy
−$5.8K −$1.40/SF
EGI
$105.3K $25.60/SF
− OpEx
−$31.6K −$7.68/SF
NOI
$73.7K $17.92/SF
Area
ZIP 20011
Vacancy
5.20%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,473,860
Cap Rate 7%
$1,052,757
Cap Rate 9%
$818,811
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$921.2K – $1.23M
NOI $73,693 @ 7.0% cap · market cap 4.93%
Second Best
Apartment 5plus
$935.2K
$818.3K – $1.09M
NOI $65,463 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$2.12M
$1.86M – $2.48M
NOI $148,648 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,514
Businesses Nearby
Explore this area
Business Placement
Demographics for 20011, DC
67,815
Population
29,658
Households
2.3
Avg Household Size
37
Median Age
55%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
12,558
Density / Sq Mi
$108,377
Median Household Income
$69,147
Median Earnings
$1,636
Median Rent
$722,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Brick five-unit multifamily with an accessible main level and off-street parking, plus the potential to convert to six units.
Where is this quadplex located?
The property is located at 337 DELAFIELD Place NW Washington, DC.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Brick five‑unit multifamily building with handicap‑accessible main level; Previously utilized as a medical facility on the main level (subject to applicable approvals); Potential to convert to a six‑unit building (buyer to verify)
